Silvergate plunges after crypto meltdown triggered deposit run

Silvergate plunges after crypto meltdown triggered deposit run

Market Analysis
January 6, 2023 by secret
154
[ad_1] Silvergate held deposits for FTX units and Alameda Research Silvergate appears to be most at risk from what happened to FTX   Shares plunged by more than 40%   Shares of crypto bank Silvergate Capital Corp. have plummeted. The company says the crypto industry’s breakdown caused a run on deposits, prompting it to fire